1. SPY is auctioning near 611.39. Bulls must push above 612.68. 2. Key support at 613.46 and resistance at 615.74 guide intraday moves. 3. Break below 611.39 could trigger a decline toward 607.55. 4. Technical levels update dynamically using price, volume, and options flow.
The memo outlines clear upward targets if initial resistance holds, suggesting a short-term bullish setup. Historically, similar consolidation levels have led to strong breakouts when support is maintained.
The detailed intraday targets offer actionable trade benchmarks that could influence short-term SPY trading decisions.
The provided price levels and intraday targets indicate a focus on daily trading moves. Such technical analyses are typically effective for short-term market behavior.